C&F Financial (NASDAQ:CFFI) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of C&F Financial (NASDAQ:CFFI) from a hold rating to a buy rating in a report published on Thursday.

C&F Financial Stock Performance

NASDAQ CFFI traded down $0.23 during trading hours on Thursday, hitting $62.52. The company had a trading volume of 4,027 shares, compared to its average volume of 5,300. The business has a 50 day moving average of $58.88 and a 200-day moving average of $50.88. The company has a market cap of $204.44 million, a PE ratio of 11.05 and a beta of 0.36. C&F Financial has a 1-year low of $33.51 and a 1-year high of $72.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.90.

C&F Financial (NASDAQ:CFFI) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. The firm had revenue of $33.46 million during the quarter. C&F Financial had a return on equity of 8.68% and a net margin of 11.39%.

C&F Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.76 annualized dividend and a yield of 2.82%. C&F Financial’s dividend payout ratio (DPR) is 31.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of C&F Financial during the second quarter worth about $31,000. Empowered Funds LLC lifted its position in C&F Financial by 7.9% during the 1st quarter. Empowered Funds LLC now owns 11,962 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 875 shares during the period. John G Ullman & Associates Inc. grew its stake in shares of C&F Financial by 5.4% in the 1st quarter. John G Ullman & Associates Inc. now owns 17,560 shares of the financial services provider’s stock valued at $860,000 after purchasing an additional 900 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of C&F Financial by 0.6% in the first quarter. Vanguard Group Inc. now owns 164,547 shares of the financial services provider’s stock valued at $8,063,000 after purchasing an additional 945 shares during the period. Finally, Clearstead Trust LLC purchased a new stake in shares of C&F Financial during the first quarter worth approximately $47,000. 37.23% of the stock is owned by hedge funds and other institutional investors.

C&F Financial Company Profile

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. It operates through three segments: Community Banking, Mortgage Banking, and Consumer Finance. The Community Banking segment offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.